There are many things that you have to think about when your company is going to file for bankruptcy. One of these is how you will let your employees know what’s going on. While some companies don’t warn employees and just let them find out when the news breaks about...
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Month: January 2021
Could your company’s creditors try to claim your personal assets?
If you need to file for bankruptcy for your business, the goal may be to discharge your debts and keep the business afloat. In some circumstances, you may file for bankruptcy while dissolving or closing the business to resolve its outstanding debts. As the owner or...
A Chapter 11 bankruptcy can help your business become stronger
When you hear the word bankruptcy, it may make you feel like you’ll lose everything or be totally out of control. The reality is that bankruptcy is beneficial for many companies, especially when sudden changes in the economy or other impacts lead to heavy debts...